Bombay Wire Ropes Ltd Approves Sale of Office Premises and Lease of Space to The New Great Eastern Spinning And Weaving Company Limited

Key Highlights

• Bombay Wire Ropes Ltd has approved the sale of its office premises to The New Great Eastern Spinning And Weaving Company Limited.
• The Company will take an area equivalent to 250 sq. ft. carpet area on leave & license basis from The New Great Eastern Spinning And Weaving Company Limited for a period of 3 years.
• The sale and lease are subject to approval from the shareholders of the Company.
• The agreement for sale and leave & license will be executed only after being approved by the shareholders.
• The sale consideration is INR 5,15,00,000 (Rupees five crores fifteen lakhs only), subject to deduction of taxes, as per applicable law.